Welcome to…
The Scratch Forex Market


What is forex?
Forex is the act of earning money by currency fluctuations. Suppose the value of currency A rises, or becomes worth more. A forex trader using currency B might convert currency B to currency A. When the value rises, the trader can convert the currency back into currency B and make money.
Why use us?
While many currencies can be converted on Scratch, none of the currency converters have rising and falling prices. This can lead to overvaluing or undervaluing a currency, ultimately hurting all currencies. We, on the other hand, calculate the value of currencies to prevent this.
How do we calculate prices?
Real-world forex markets use the price of a commodity to determine the price of a currency. However, this does not happen on Scratch, so what we do is calculate the value of a currency by a mathematical equation. Take the amount of currency in circulation 2 days ago (A) and divide it by the amount of currency that has been added in the last 2 days (B). This is how much the currency falls against the default currency known as FEB (ForExBux). Currencies will be originally judged by how much they offer for 1 follow, with the FEB follow being priced at 5 per follow. All currencies will fall, though some fall faster than others, therefore allowing forex to happen.
Currency prices
ShopCoin: 34.76 SC = 1 FEB as of July 11, 2019 Uncertain (no specified salaries)

ScratchBux: 1.21 SCB = 1 FEB as of July 11, 2019 2% per week inflation forecast Conversion barrier is 60 FEB

RAS Scrollar: 1 RAS = 1 FEB as of July 11, 2019 4% per week inflation forecast

Ching: 2 CHI = 1 FEB as of July 11, 2019 10% per week inflation forecast

Electrobux: 1 ELB = 1 FEB as of July 11, 2019 25% per week inflation forecast Conversion barrier is 75 FEB

Laws:
Article 1: All discussions on or related to the Scratch Forex Market must abide by the Scratch Community Guidelines.
Article 2: Cash converted on any other converter must be converted back to the original currency by the same converter before being converted by the Scratch Forex Market.
Article 3: All forms of any type must include the Unicode snowman character: ☃︎
Article 4: Insider trading is not allowed (People involved in currencies are certainly allowed to trade, but manipulating the inflation rates (solely for the purpose of a good trade is strictly banned)
Article 5: Spam or off topic posts are not allowed.
Failure to follow these laws may result in a punishment of varying severity.
Forms:

Currency sign up (Allow your currency to be traded on the forex market)

Username:
Currency:
Symbol (Like how ForexBux is known as FEB):
Inflation barrier (How many FEB can be converted to your currency per week):
Price per follow (You don't need to sell follows to have this, it's for the sake of calculating the original value):
Other:

Please note that some currencies have conversion barriers in which nobody may convert more than the conversion barrier to the currency per week. This is to prevent inflation.
Staff sign up:

Username:
Position wanted:
Activity:
Other:

Please note that we reserve the rights to decline you or fire you at any time.

Conversion form:

Username:
Currency you want converted to:
Currency you want converted from:
Amount of currency (in currency you want converted from):
Other:

Please note that a currency has the right to decline your conversion for any reason.

Staff
Staff:
President (Complete control): @Partial2Partials
Vice President 1 (Takes over when President is away): glitterspring1
Vice President 2 (Takes over when both President and Vice President 1 are away): @smileycreations15
Secretary (Takes care of what the President and Vice Presidents need to do): OPEN
Vice Secretary (Takes over when Secretary is inactive): OPEN
Helper (Helps anybody with questions, can accept/decline conversion requests): @FrenchBread49, OPEN, OPEN, OPEN, OPEN, OPEN


News


July 11, 201: Electrobux joins
July 6, 2019: KekCoin closes, therefore leaving forex market
June 19, 2019: PeaceBux changes to J ScratchCoin
June 7, 2019: Potato Tokens is closed, therefore leaving forex market
June 7, 2019: RAS Scrollar joins
June 3, 2019: ShopCoin joins
May 31, 2019: AstroBux joins
May 30, 2019: KekCoin joins
May 27, 2019: PeaceBux joins
May 27, 2019: Potato Tokens joins
May 26, 2019: ShopCoin joins
May 26, 2019: The Scratch Forex Market is founded.



DISCLAIMER: Forex trading has very high leverage and involves significant risk of loss. We do not insure your trades in any way whatsoever.

Sorry but no, ShopBux will not join this.

CaptainRatlex wrote:

Sorry but no, ShopBux will not join this.

Okay! May I ask why?

Currency sign up:
username: glitterpspring1
Currency: ShopCoin
Symbol (Like how ForexBux is known as FEB): SC
Other: banner: if needed.

Staff sign up:
Username: glitterspring1
Position wanted: vice-president
Activity: 7/10
Other: Awesome

glitterspring1 wrote:

Currency sign up:
username: glitterpspring1
Currency: ShopCoin
Symbol (Like how ForexBux is known as FEB): SC
Other: Cool

Staff sign up:
Username: glitterspring1
Position wanted: vice-president
Activity: 7/10
Other: Awesome

Accepted! I can't seem to find your wages or amount of currency on your topic - can you tell me where they are? Thanks and sorry for the inconvenience.

Partial2Partials wrote:

glitterspring1 wrote:

Currency sign up:
username: glitterpspring1
Currency: ShopCoin
Symbol (Like how ForexBux is known as FEB): SC
Other: Cool

Staff sign up:
Username: glitterspring1
Position wanted: vice-president
Activity: 7/10
Other: Awesome

Accepted! I can't seem to find your wages or amount of currency on your topic - can you tell me where they are? Thanks and sorry for the inconvenience.

oh… forgot to add it. And What do you mean?

glitterspring1 wrote:

Partial2Partials wrote:

glitterspring1 wrote:

Currency sign up:
username: glitterpspring1
Currency: ShopCoin
Symbol (Like how ForexBux is known as FEB): SC
Other: Cool

Staff sign up:
Username: glitterspring1
Position wanted: vice-president
Activity: 7/10
Other: Awesome

Accepted! I can't seem to find your wages or amount of currency on your topic - can you tell me where they are? Thanks and sorry for the inconvenience.

oh… forgot to add it. And What do you mean?

Wage is amount of currency someone gets (preferable how much they get per week). Amount of currency is how many ShopCoin exists currently. I need to know this to calculate inflation.

Partial2Partials wrote:

glitterspring1 wrote:

Partial2Partials wrote:

glitterspring1 wrote:

Currency sign up:
username: glitterpspring1
Currency: ShopCoin
Symbol (Like how ForexBux is known as FEB): SC
Other: Cool

Staff sign up:
Username: glitterspring1
Position wanted: vice-president
Activity: 7/10
Other: Awesome

Accepted! I can't seem to find your wages or amount of currency on your topic - can you tell me where they are? Thanks and sorry for the inconvenience.

oh… forgot to add it. And What do you mean?

Wage is amount of currency someone gets (preferable how much they get per week). Amount of currency is how many ShopCoin exists currently. I need to know this to calculate inflation.

ok

Username: FrenchBread49
Currency: Potato Tokens
Symbol (Like how ForexBux is known as FEB): PT
Other:

FrenchBread49 wrote:

Username: FrenchBread49
Currency: Potato Tokens
Symbol (Like how ForexBux is known as FEB): PT
Other:

Accepted!

Partial2Partials wrote:

FrenchBread49 wrote:

Username: FrenchBread49
Currency: Potato Tokens
Symbol (Like how ForexBux is known as FEB): PT
Other:

Accepted!

yeeeey

Position wanted: The best one
Activity: 7/10
Other: none

smileycreations15 wrote:

Position wanted: The best one
Activity: 7/10
Other: none

Accepted.

Username:Jbrow78
CurrencyeaceBux
Symbol (Like how ForexBux is known as FEB): PBX
Other: I am to lazy to add link right now. It is on the request forums
edit:
it is actually PeaceBux, the form messed it up from

jbrow78 wrote:

Username:Jbrow78
CurrencyeaceBux
Symbol (Like how ForexBux is known as FEB): PBX
Other: I am to lazy to add link right now. It is on the request forums
edit:
it is actually PeaceBux, the form messed it up from

currency:PeaceBux

Declined, sorry. Your weekly inflation rate is too high.

Partial2Partials wrote:

jbrow78 wrote:

Username:Jbrow78
CurrencyeaceBux
Symbol (Like how ForexBux is known as FEB): PBX
Other: I am to lazy to add link right now. It is on the request forums
edit:
it is actually PeaceBux, the form messed it up from

currency:PeaceBux

Declined, sorry. Your weekly inflation rate is too high.

umm… remember… we just started, so that was just to get it started.
there is under 100 PBX in existence…

jbrow78 wrote:

Partial2Partials wrote:

jbrow78 wrote:

Username:Jbrow78
CurrencyeaceBux
Symbol (Like how ForexBux is known as FEB): PBX
Other: I am to lazy to add link right now. It is on the request forums
edit:
it is actually PeaceBux, the form messed it up from

currency:PeaceBux

Declined, sorry. Your weekly inflation rate is too high.

umm… remember… we just started, so that was just to get it started.
there is under 100 PBX in existence…

You have 3 weeks since starting your currency to get inflation under control. I'm sorry, but I can't do much without risking the integrity of the other currencies.
Edit: Actually, y'know what? I think that rule might be a little to exclusive. I'm going to change it to no currency may convert more than 50 FEB per week. That way it's easier to get more currencies. Accepted and sorry for the inconvenience.

Username: AFNNetworkK12
Currency: KekCoin
Symbol (Like how ForexBux is known as FEB): KC
Other:

AFNNetworkK12 wrote:

Username: AFNNetworkK12
Currency: KekCoin
Symbol (Like how ForexBux is known as FEB): KC
Other:

Accepted! I'll add you as soon as I get the chance, now isn't a great time.

Partial2Partials wrote:

AFNNetworkK12 wrote:

Username: AFNNetworkK12
Currency: KekCoin
Symbol (Like how ForexBux is known as FEB): KC
Other:

Accepted! I'll add you as soon as I get the chance, now isn't a great time.

Currency Inflation rate in the future according to KC Improvement Plan?